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Albertsons Cos.

Hyoung Chang—The Denver Post via Getty Images
  • Previous Rank157
  • Country
    U.S.
  • Revenues ($M)$60,534.50
  • Revenue Percent Change1%
  • Profits ($M)$131.1
  • Profits Percent Change183.2%
  • Assets ($M)$20,776.60
  • Employees267,000

In August 2018, the day before shareholders were scheduled to vote, Albertsons Companies Inc. and Rite Aid called off a planned $24 billion merger due to concerns from both companies’ investors. But Albertsons continues to push forward against competitors like Amazon and Walmart, increasing fast delivery options through Instacart and expanding Drive Up and Go pickup services to 250 stores in 2018. Albertsons has also been increasing its technological presence, adopting IBM’s blockchain service, Microsoft’s Azure AI, and piloting the micro-fulfillment center concept with Takeoff Technologies. Future innovations will be spearheaded by former PepsiCo Foods North America CEO Vivek Sankaran, who replaced Jim Donald as Albertsons’ president and CEO in April. Donald, who served less than seven months as CEO, will stay on as co-chairman of the board.

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Company Information

CEO
Vivek Sankaran
Sector
Food & Drug Stores
Industry
Food and Drug Stores
HQ Location
Boise, Idaho
Websitehttps://www.albertsonscompanies.com
Years on Global 500 List15
Employees267,000
Figures are for fiscal year ended Feb. 28, 2019.

Albertsons Cos. Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$60,534.501%
Profits ($M)$131.1183.2%
Assets ($M)$20,776.60-
Total Stockholder Equity ($M)$1,450.70-

Profit Ratios

Profit as % of Revenues0.2%
Profits as % of Assets0.6%
Profits as % of Stockholder Equity9%